Accountability of Private CorporationsThere are two types of accountability
1) the corporation to the market
The market holds a firm accountable by the force of competition. If input and output markets are highly competitive the corporation can not exploit is customers, supplier or employees.
2) the managers to the share holders
Share holders elect board of directors who then hires manager.
Shareholders have a number of ways of holding managers accountable, sale of shares, capital markets etc,
In general there are more means by which shareholder can constrain the behaviour or mangers, than are available to the ultimate owners of Crowns.